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TFC Commodity Trading Forum

GBPUSD remains in downtrend from 1.6524, *LINK* *PIC*

GBPUSD remains in downtrend from 1.6524, as long as 1.6340 resistance holds, the downtrend could be expected to continue, and next target would be at 1.6100 area. On the upside, a break above 1.6340 resistance will indicate that the downtrend is complete, then further rise towards 1.6700 could be seen.